Telegram-herald., 1887-12-07

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paFehssisx hos IA - meals of restoring =
ssFes2iet.sn ne knEpsas nooey accumulated
IA tbs iEsasury, = sA.ssld be eores Il mind
thai pTemiE4s nnst cf c11Fse &c pad upcn
such pzre4ase, thsk there may BE large
part Of tAese e.ssfs heia a. iasestmsnis vhiea
csnzos DC purchased ~ any price, aud tat
eoneinslions alnosz holders Who are si1iin Z
% cell. may u8rsa<oas0ly enhance t1s eosl ci
such bonds 70 shs xovernmsnt-
TIE Rsiuodinx suggestion
n has been suggested tat the presen'
o'laded dec. mizal b refunded al less rate
OF interest and Ehe d-tHcnee b<Ewsen
ths cid snd oss security psld IN cash, thas
aadiaz use for the surplus n the treasury
Tas success ~ tais pian, ls Is apparent must
eebs26 upon the yoiition cf tae holders u
the present bonda &nd L Is Lot entirely esr
Ian thai tts iacnce1ent which must b
offered them would result IN more financial
oe1sat % The govern ment thsn the purehass
of tRe boacs. While tss latter proposiuor
.ror.f4 - ra~.~afrsl % IT, tsh a
actual payment instead OF sxtencing il.
The Treasury snd the People.
The pfopOslIs0n 70 deposit the moCey
held 81 the government lE bonds tbrough
cut ths country f1r Iss by the people, 10, i
seems 10 me. exeeedingly Objection allie IN
principle. establishing tco eloze = relation
ship between the operations Of the govern
meat treasury and tic business CT The eo1D
Try and 10 extensive q eomIngling OF theii
money, thus fostering al unnatural reliance
Ia private business upon public fencs- II
this scheme should DC adopted II should ONLY
be done - temporary expedient 10 mee'
an urgent necessity. Legislative and erecr
tive effJFts shou.d generally Be 10 the op
posite direction and should have tendency
% divorce. as much and as fast - :Ar
safely DC coae. the treasury depart
ment from pTivrte enterprise. or course
Il Is not expected that unnecessary
and extrsvagsnt appropriations viii be made
fog The purpose of avoiding the accumulation
o. an excess q revenue. such expenditure
beside The Generalization Of Al just concep
uo1s OF pubic duty ~hich IL entails, silmu
lsses habit II reckless improvidenee, not IL
the iesst consistent with The 1ctssion Of onl
people and the high and benefcent purposes
OF our goyernmeat
A Warning.
have deemed u my duty 70 thus bring 70
fhsa tnAxfa4uts - fn n well A
70 tae attention OK their representative.
charged with the responsibility Of legislative
relief, the gravity OF cur financial situstion
The failure OF congress heretofore 10 provide
against the dangers which Il was quite evi
GENT the very nature OF the difficulties mus
neceesarily produce, eauset a condition Of
fuancial distress snd apprehension since
your last Adjournment which taxed TO The
utmost all fhe authority expedlepis within
executive c0ntrol, ard these appear now q
De ext snsfed. II disaster results from The
continued insction u congress, the responsi
bjiity must rest where it belongs. Though
the situation thus FAR considered IL frsugh'
with DAGGER which should be fully realized
and thouga l. presents features OF wrong Il
the people a. we'll as peril 10 the country, i
Is but = result grosiug out OK perfectly
palpsble and apparent cause, constantly re
producing the same alarming circumstances
q con grsted na.lonsl treasury and 3 depleted
monetary condition In the business OF tn,
country.
Remove the Cause.
II need hardly be stated that, while the
presenI situation demands a remedy, we car
only be saved from like prsdicsment in ths
future ~ the removsl OF Its cause. Oui
scheme ~ taxation, by means OF which this
needless surplus is taken from the people snt
put into the public treasury, consists Of
tar n cn duty levied upon iuip0rtA'iOns from
abroad and intern al revenue taxes levied Gpog
consumption OF tobscco and spurious anC
malt liqao II must be conceded ths. non.
OF the things subjected 70 internal rEvenu'
taxation are, strIetiy speaking. necesssries
There appears 10 be 40 Just complaint OF thi,
tAxAtion By the consumers Of these articles
and there seems 70 be nothing 20 well able 4
bear the burden without hardship 20 sny por
tion Of the people. But our present tariff
laws the vicious, inequi, able and ilogica
source Of unnecessary taxation, ought to b
AZ once revised aud sEaeDded. These laws. q
their primary and plain effect raise the price d
consumers OF al articles i'm ported and subjsc
70 duty by precisely the sum paic for sucl
duties. Thus the amount Of the dniy meas
ares the tar ps.d by those who purchase 70
use these i'm ocfted articles. Many OF thes
things hOwevtr, are raised or manufactures
ia our own country and the duties nov
levi, upon f3reign goods aud products arr
called protection 10 these home msnufsctur
era because they render il possible for thos
OF our people, who are manufacturers, 4
make these taxed articles and sell them 70
price sqasl 70 that demanded for the IN
ported goods that have paid customs duty
So /. happens that while comparatively fe '
use the imported articles, millions OF on
people, who never use and never saw Any o
The foreign products, purchase and use thing
OF The same kind made In this country an
rtN -
hanced price which The Ggly ADDS 70 the i'm
ported sEticles Thoee who bay imports pa
The duty charged thereon into the pu6li
treasury, but the great rnsiority os our eIti
ksus who buy domestic articles OF the SAN
class. pay sum AZ leSst sp2roxiustel,
equal 10 this duty OF the home ulaaufsc
turs. This reference 20 the opers
tiou OF our tariff laws IA DOT mad
~ way Of instruction, but in or5e
manner in sGich Trey impose burden upo'
those Who consume domestic p-otiucts 3
vel a. those who consume imported article
and thus create TAR npoa AL our pecpie.
American Labor.
II Il rot proposed - entirely relieve IA
country Of this ksxation. IL must be exten
sively continued, "a the source Of The Gov
eruHents iocome and in rsajj9slment .
cur tariff the interests of American lsbo
engaged in manufacture, shcud be csrV
fully considered, az well ss the preservation
Of cur msEufscturers. Il may bs called pro
tscsion. or by any other nsne. bus relie
from ne hsrjships and dangers Of our pTs
sent tariff avs should Re devised Wit
sspecisi prccsution against imreriilug th
sxi.fencs ~ cur misunderstanding z Interests
Rut tsis sEsstence socaic not mean Q eond
ton vNiUh. without regard 70 he publ
welfare or = naiien exigieucy must alway
insure the realization n immense prssss ia
steai 20 moderately profitable reTurns A
The voicme srd diversity of orr nations
scfirities incresse, new recruits are added 8